Sunday, January 10, 2010

Improving My Credit Score Quickly � How This Can Be Done?

So is improving my credit score quickly even possible? Improving my credit score quickly is possible, but if I were asked how I would approach this issue, I would start by saying that this will involve a lot of work and patience. The first step to improving my credit score quickly is to keep the credit history positive and show that you are making payments on time and that you are paying off all your debts. The reason why this helps in improving my credit score quickly is the fact that the positive records on the credit history will tell my creditor that I am becoming a less risky investment. This method of improving my credit score quickly applies to everyone else � people with good credit, OK credit, bad credit or even no credit at all.

Another way of improving my credit score quickly is removing the wrong negative items from my credit report. The reason this helps in improving my credit score quickly is because negative items on the credit history cause the credit score to decline and removing these negative items (or records) will do the opposite � cause the credit score to rise, thus helping in improving my credit score quickly. Removing negative records from a credit report involves an official dispute process with one of the three main credit bureaus and takes approximately 3 to 4 months for a dispute to get reviewed.

The benefits of improving my credit score quickly include such things as the low annual interest rate, lower monthly payments, more chances to get a loan or a credit from the issuing banks, etc. This is why I am always working on improving my credit score quickly and I advise the same to everyone else.

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